EXECUTIVE SUMMARY

Empire Business Associates, a Northeast Ohio merger and acquisition firm, represents the owner of a CNC ISO/QS-9000 compliant machine shop offering high quality contract, general and precision machining and tooling work. The company is located in Northeast, Ohio.

The company has comprised a state-of-art machinery base to provide quality parts to its customers. The majority of the machines are CNC turning with some bar feeders and CNC milling machines. They have a three CNC lathes with robotic loaders capable of operating on a 24/7. For certain unique applications, they still operate some conventional turning and milling machines.

In an effort to be a one-stop-vendor for its customers, the company also performs passivation (which is the cleaning of the parts to prevent corrosion).

Metal types that they work with are stainless steel, brass, aluminum, carbon steel and super duplex (254/2507). Plastics include PVC, CPVC, PET, polycell foam, and glass filled foam for tooling.

Housed in an 11,600 square foot building, there is more than adequate space for its present manufacturing, shipping, receiving and parking needs. Either the current or similar facility could accommodate dramatic sales growth without the need for addition square footage. The parts they produce are reasonably compact, and do not require great space or heavy equipment.

The firm presently has a total of 12 employees working on a 1-shift basis.

Manufacturers of both metal and plastic products, such as motion control components, water purification products, automotive spindles, construction equipment and special machinery builders.

The company’s expertise is illustrated by the in-house services it offers. In addition, it has formed solid relationships with various outside sources that complement the company’s services and help them to better coordinate the full completion of every custom job. These inside and outside services are shown below:

In-House Services

• CNC milling and turning
• Conventional milling and turning
• 2- and 3-axis lathe work
• Customer finished goods inventory system           
• Passivation
• Ink parts marking

Outside Services

• Heat treating, plating and 5-axis work
• I.D. and O.D. production surface grinding
• Universal and centerless grinding
• Laser identification
• Welding
• Anodizing aluminum

FINANCIAL INFORMATION

REASON FOR SALE

In order to take this business to its next level, the business will require additional capital that is not available to the current owner. The company's staff of competent employees and base of loyal customers will provide the foundation for a smooth transition in developing a strategic plan for growth by the new owner.

PRICE

The owner is willing to listen to any reasonable price for the business. He is even willing to consider payment of the machinery upfront and an earn-out of the revenue over time.